The best known early prototype of a central banking system was the medieval European Knights Templar where promises to pay were widely circulated and accepted as value. In 1668, Riksbank of Sweden was established as the first central bank followed by the Bank of England which was established in 1694. On December 23, 1913, the U.S. Congress passed the Glass-Owen Bill and created the US Federal Reserve.
Read more on Central Banking Government here...
No comments:
Post a Comment